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When is the final balance of realisation account transferred to capital accounts?

Answer and explanation

Correct answer: After realisation adjustments of all assets and liabilities

Realisation profit or loss is calculated after all realisation entries. Do not distribute profit or loss before completing realisation.

Related tags

DissolutionRealisation AccountCapital TransferPartner AccountsDissolution Of A Partnership FirmAccountancyClass 12 Mcq

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